Iconix takes over Iconix Canada in $19M deal

July 21, 2017

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Holding Company | Corporate Acquisition

Iconix Brand Group has bought back the remaining 50% stake in Iconix Canada that it didn't already own from joint venture partner Buffalo International for $12 million up front, with the remaining $7 million to be paid over the next two years. Formed in 2013, Iconix Canada holds licenses to London Fog, Ecko, Rocawear, Zoo York and Umbro, among others. Earlier this month, Iconix sold its entertainment unit—which includes the Peanuts brand—to Canada's DHX Media for $345 million in order to help pay down debt.